Havells India reported a strong Q3 FY26 performance with revenue growing 14% and EBITDA increasing 21% Y-o-Y, driven by operating leverage and robust demand in the cables and wires segment. The cables business saw volume growth exceeding 20%, though the company recorded an exceptional loss of INR 45 crores due to new labor code provisions. Management is implementing price hikes of 5-10% in the cooling segment to offset commodity inflation and BEE rating transitions. Capex remains aggressive with INR 1,200 crores spent in 9 months and another INR 1,000 crores planned for the next fiscal year.

Havells reported a robust 14.2% YoY revenue growth in Q3 FY26, reaching ₹5,573 crore, primarily driven by a 33% surge in the Cables and Wires segment. EBITDA margins improved to 9.4% from 8.8% last year, reflecting strong operating leverage despite modest overall consumption trends. Net profit growth was restricted to 6.6% at ₹301 crore due to a ₹45 crore exceptional charge related to new labour code obligations. While core segments like Switchgears and Cables performed well, the Lloyd segment remains a drag with a 6.5% revenue decline and continued operating losses.

Havells India reported a steady 14.1% YoY revenue growth for Q3 FY26, reaching ₹5,573.44 crore, primarily driven by strong performance in the Cables segment. Net profit rose 6.6% to ₹301.36 crore, despite an exceptional hit of ₹45.03 crore related to new labour code obligations. The company declared an interim dividend of ₹4 per share and approved a new Employee Stock Purchase Scheme (ESPS 2026) to retain talent. While core segments like Cables and Switchgears showed robust growth, the Lloyd Consumer division continued to report segment-level losses.

Havells India reported a healthy 14.1% YoY growth in revenue to ₹5,573.44 crore for the quarter ended December 31, 2025. Net profit grew by 6.5% YoY to ₹301.36 crore, despite being weighed down by a ₹45.03 crore exceptional item related to new labour code liabilities. The company declared an interim dividend of ₹4.00 per share and successfully settled a trademark dispute with HPL Group for ₹129.60 crore. While the Cables segment showed robust growth, the Lloyd Consumer segment continues to report losses, though they have narrowed sequentially.

Havells India Limited has officially announced January 23, 2026, as the record date to determine shareholder eligibility for a potential interim dividend. The company's Board of Directors is scheduled to meet on January 19, 2026, to consider and declare the dividend amount. This move is part of the company's regular corporate actions to reward shareholders. Investors must hold the shares in their demat accounts by the record date to be eligible for the payout.

Havells India Limited has appointed Mr. Reshu Madan as President and Strategic Business Unit (SBU) Head, effective December 17, 2025. Mr. Madan joins the senior management team with nearly 30 years of experience in leadership roles, including a previous stint as CEO at Sterlite Electric Limited. His expertise spans P&L management, market leadership in the EHV segment, and large-scale turnkey projects. This strategic hire is aimed at accelerating growth and driving transformation across the company's diverse business segments.